BBVA Compass Charity

EIN 261615917

Houston, TX 77027 |(713) 831-5712

https://www.betterfuture4people.com
Total Given 2016–2017
$2.2M
2 grants · $1.1M avg/year
based on 2 yrs of IRS 990-PF records on file
$1M+/yr
mid-tier
capacity
$1.1M
typical big bets · $1.1M–$1.1M
grant size
100%
deep partner · 1/1 multi-year
repeat
$75K
Assets (2017)
1
Distinct Recipients

About

This statement is submitted to report the distribution of certain assets during the tax year. The distributions resulted in a substantial contraction of assets.The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions:During the taxable year ending December 31, 2015, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,178,078. This amount represents more than 25% of the Foundation's net assets of $378,564 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2016. Although the Foundation technically experienced a "substantial contraction," it will continue in existence and has no plans for dissolution.The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.

Application Information

Accepts Unsolicited Proposals No — Preselected Only
Contact Person See attachment
Phone (713) 831-5712

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2016 $1.2M $194K $1.0M 1
2017 $1.0M $75K $939K 1

Grant Size Distribution

Based on 2 grants on record

Minimum
$1.0M
25th Pctl
$1.1M
Median
$1.1M
Average
$1.1M
75th Pctl
$1.1M
Maximum
$1.2M

Geographic Distribution

US Grant Distribution Map

Officers & Directors

JO
J Reymundo Ocanas 2+ yrs
President Leadership
BH
Bill Helms 2+ yrs
Vice Chairman Leadership
RH
Rosilyn Houston 2+ yrs
Chairman/Dir Leadership
KP
Kirk Pressley 2+ yrs
Treasurer Leadership
JW
Jeff Waldman 2+ yrs
Assistant. Treasurer Leadership
BH
Brian Herrick 2+ yrs
Secretary Leadership
MR
Megan Ray
Director
BC
B Shane Clanton 2+ yrs
Director
KC
Kevin Cunningham
Director
JM
Jenna Mejia
Director

Grants Awarded (2 total)

Purpose
See attachment efiling purposes, AL $1,178,078 See attachment 2016
See attachment efiling purposes, AL $1,038,627 See attachment 2017